Question

A store manager adjusts the price of an item each week that the item goes unsold. The price of the unsold item, in dollars, after x weeks can be modeled by the exponential function f(x)=320(0.90)^x

: The initial price of the store item before the store manager made any price adjustments were: _________

Can someone help me solve this?
Thanks!

Answer 1

The initial price of the store item would be the price before any price adjustments were made, which corresponds to when x=0.

Plugging x=0 into the given function, we get:

f(0) = 320(0.90)^0 = 320(1) = 320

Therefore, the initial price of the store item was $320.